India: There is no bubble in real estate sector

Housing Development Finance Corp. Ltd. (HDFC) vice-chairman and chief executive officer Keki Mistry sees no risk of a property bubble or a big decline in real estate prices. Because of a slowdown in property sales, prices could correct by between 5% and 15% and “not more than that”, Mistry said.
In an interview, he also spoke about how the rapid depreciation of the rupee should be stemmed to arrest imported inflation………………………………………..Full Article: Source